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1. Ann purchased stock in a German firm at a price...

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Solution


Question

1. Ann purchased stock in a German firm at a price per share of 101.28 euros when the US $/euro exchange rate was $1.023. After six months, Ann sold the stock for 103.40 euros when the US $/euro exchange rate was $0.987. The stock does not pay a dividend. What is Ann's rate of return on this investment? (Points : 10) -1.5% 1.5% -5.8% 5.8%

 

Paper#10111 | Written in 18-Jul-2015

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